By NewsBlogger Bitcoin and altcoins have been experiencing notable price fluctuations in the cryptocurrency market. Bitcoin has shown resilience despite drops, and the total crypto market cap remains below $2.6 trillion.
At a glance
- Bitcoin and altcoins have been experiencing notable price fluctuations in the cryptocurrency market.
- Despite market volatility, Bitcoin showed resilience.
- The total crypto market cap remains below $2.6 trillion, with BTC’s market cap below $1.3 trillion.
- Several altcoins like BNB, Ripple, Solana, Cardano, and others have seen declines in their prices.
- Some outliers like Toncoin and Bitcoin Cash have seen gains amidst the overall downward trend in the market.
The details
Bitcoin (BTC) and altcoins have been experiencing notable price fluctuations in the cryptocurrency market.
BTC’s price initially dropped to $62,500 before recovering by around $2,000. However, subsequent drops saw BTC surge above $73,000 before bears pushed it back down.
Despite these fluctuations, Bitcoin showed resilience in the face of market volatility.
The total crypto market cap remains below $2.6 trillion, with BTC’s market cap also below $1.3 trillion.
Ethereum, the second-largest cryptocurrency by market capitalization, lost 4% of its value and is struggling to stay above $3,400. Other altcoins like BNB, Ripple, Solana, Cardano, Avalanche, Shiba Inu, Polkadot, and Tron have also seen declines in their prices.
BNB, for instance, dropped by 4.5% and is trading below $560.
Despite the overall downward trend in the market, there have been some outliers.
Toncoin, for example, has been the top performer, registering a daily increase of more than 11%. Bitcoin Cash also saw gains, jumping over 4% to reach $435.
The cumulative market cap of all cryptocurrency assets has decreased by approximately $50 billion, now standing below $2.6 trillion.
These price movements come amidst broader market uncertainty, with cryptocurrencies slumping ahead of the Federal Open Market Committee (FOMC) meeting.
Overall, while the cryptocurrency market has seen significant volatility and price fluctuations, with both Bitcoin and altcoins experiencing losses, there have also been some positive outliers.
The market remains dynamic and influenced by various factors, making it important for investors to stay informed and cautious in their trading decisions.
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| cryptopotato.com |
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| – BTC’s price fell to $62,500 before recovering around $2,000 – Altcoins also experienced losses on a daily scale – Total crypto market cap remains below $2.6 trillion – BTC skyrocketed above $73,000 before bears took control – Cryptocurrency slumped ahead of FOMC meeting – BTC rebounded to over $68,000 but then dropped to $62,500 – Bitcoin reacted well to recent declines – BTC market cap is below $1.3 trillion – Ethereum lost 4% of its value and struggles below $3,400 – BNB is down by 4.5% and below $560 – Other altcoins like Ripple, Solana, Cardano, Avalanche, Shiba Inu, Polkadot, and Tron have also declined – Toncoin is the top performer, up more than 11% daily – Bitcoin Cash jumped over 4% daily to $435 – Cumulative market cap of all crypto assets has declined by about $50 billion and is below $2.6 trillion |
